New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > Press release

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Comment by Retiredgeoon Aug 22, 2023 10:52am

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Post# 35599796

RE:RE:Press release

It depends on what you want to do. If your objective is the top 100 metres by 30 metres wide an open pit would do fine. If you want to get everything down to 200 m you could run a ramp from the bottom of the pit or forget about the pit and sink a 200 m shaft or you could run a drift from the future KMZ mine. Mr. Hampton has lots of options.

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